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A firm pays a fully franked cash dividend of $150 to one of its Australian shareholders who has a personal marginal tax rate of 20%.
A firm pays a fully franked cash dividend of $150 to one of its Australian shareholders who has a personal marginal tax rate of 20%. The corporate tax rate is 30%. What will be the shareholder's personal tax payable due to the dividend payment?
a.
-15
b.
42.8571
c.
64.2857
d.
30
e.
-21.4286
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